Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18990. (Read 26608375 times)

is crypto done??  

Captain Obvious here again:
The price increase was Today's dump is due to one or more entities simply purchasing dumping BTC, they were not pumping the price as we normally see, they were accumulating are droppin' it like it's hot all in one go;

hdbuck if quoting fedsters.  We are all doomed.

1. The PM indexes barely move with the amount of money involved in crypto. They are in the multi-trillion marketcap category. Crypto isn't getting any serious money from PMs. Bitcoin's marketcap is like one thousand of what Gold's marketcap is.

2. PMs do not really overlap the online transactions sector. They are just store of value. You can't pay someone over the internet if you have gold in your pocket. You can pay him with bitcoins though. That means that PMs and crypto are complimentary in this sense. Things might have been different with a decentralized e-gold equivalent, but physical ownership and physical transfer is not something that an algorithm can rule.

3. In terms of manipulation, owning Bitcoins is actually a hedge against the ongoing PM manipulation as the mechanisms existing in the gold manipulation 'industry' are not found in bitcoin.

4. Bitcoins are far more scarce than gold and silver. There are ~6 billion ounces of above ground gold and only 15.4 million bitcoins. That's one bitcoin for every 390 ounces. That's now. The future is actually in favor of bitcoin:gold ratio.

5. Gold and silver production is increasing continuously as the methods to extract it are improved and become increasingly mechanized. 100 years ago you had people shoveling ground and now you have excavators and D10's moving ground and ...ripping permafrost. Or people dredging ...the ocean's bottom (soon with robots). Even the places that have been previously "mined" are full of gold. And even the places that are mined today are still left with tons of fine gold that they can't really catch due to most mining operations going for more volume at the expense of recovery rates. The 180ktons of above ground gold will probably double or triple in the next 30-40 years. And when AI comes online to track underground deposits, vein flows, etc etc, or even assume the running of mechanical recovery tasks, you're looking at full blown gold inflation. And I haven't mentioned that most "non-gold bearing grounds" are ....gold bearing with invisible gold. You might pan nothing, but the gold is attached to lower-specific gravity rocks, which, when crushed, will release the gold (typically by resorting to chemicals). When people say "there is no gold here", what they really mean is "I don't see any", or "I'll probably spend more to get it" - both of which are circumstances that change continuously.

6. Even if above ground gold doubles or triples in the mid-term future, it will still preserve its value due to fiat inflating at a much faster pace. However bitcoin will be inflating at a much lower pace than both, hence being an adequate store of value, which also has good upside potential (gold's marketcap can't go 10x to 70+ trillion range with ease, unlike bitcoin which can hit 4k usd and do a 10x).

7. What PMs have in their favor is that they are much safer than crypto (excluding scam PM purchases). Nobody will fork, hack or 51% one's gold. And they are good for countries with high devaluation rates where the average man can convert local currency to PMs to prevent erosion to his savings.

Most votes pointing price > 440 (April 1st), that's optimism.

adam, do u have 1G to the desktop ?? in other words, what cat cable are you using ?? are you using cat5 or cat6 cabling throughout your home network ?? do you have 1G ports on your internet modem and your router and switches and pc ??

the tcp window only means how big of a tcp block you are transmitting. in my case for jumbo frames, i am moving a 9014 tcp block rather than a 1500 tcp block

I see a trend here.

Price starts going up:
"Woo hoo! Moon gifs!"

Price starts to fall:
"Hi I'm a blocksizetard, here is my opinion on development issues"

And the dozen or more threads she OP'd the last 7ish days that were pure Fart, I mean FUD, that got axed by mods for the degenerative content (or the same spiel each time) and laid to rest. When you post to get that many threads over time, deleted, you know you must have a life full of shit. Time to get a life you would think.

Still showing your less than stellar brain capacity and leading with your ignorance. You still haven't discovered the underlying theme behind such a purposeful buy. But you should probably go back to your other threads you seem to mindlessly attack.